Bad news from Ronald and now Coke too!
Coca Cola announced that it’ll be cutting down almost 1,800 jobs in the coming months as part of cost cutting efforts. As with McDonald’s, the cuts reflect efforts to cut costs, with Coca-Cola’s program totaling approximately $3 billion. Over the last year, both of these iconic American brands faced declines in sales numbers.
Looks like this New Year will shake things up a bit in the world economy!